Omnicom Acquiring Interpublic In $13B Deal Creating World’s Largest Advertising Firm

Omnicom is acquiring Interpublic in an all-stock deal that will reshape the advertising and marketing sectors, creating the world’s largest ad firm. The transaction, valued at around $13 billion, was announced Monday morning. Interpublic shares jumped 11% on the news, while Omnicom stock slid 7%, with the moves emulating the classic pattern of a merger. […]